Topics regarding layoffs at Newpark Resources Inc.

Topics regarding layoffs at Newpark Resources Inc.

Q1 conference call

1 analyst only with a question. Folks, that should tell you all you need to know. When will the activist board member force hard changes? You certainly don’t need to be a brain surgeon to see this.

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Post ID:  @OP+1gKU5acm

More of the same

Q4 financials out this afternoon. Fluids with a profit of $900k on an underwhelming .7 margin! But this is without corporate overhead of $26m. And read further down folks, $4.3m sales of property, equipment and assets contribute as well. Not to... —  read more 

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Post ID:  @OP+1fmMiwrn

What a great 2 weeks for Newpark

1st ~ they fire presidency of fluids (again), then major investor calls for split of company. Noted that fluids “is a sinking ship” and corporate overhead is out of control. Folks, it’s only going to get worse in fluids. You get what you pay... —  read more 

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Post ID:  @OP+1e14TqEt

What a legacy!

Continued quarterly losses with negative margins. By almost all metrics, failure at all levels. PH’s decision to “get younger” is the gift that keeps on giving! Enjoy this options boys! Fluids is the laughing stock of the patch.

Donkey BBQ Q3

$24m q3 loss for NP. Fluids contributes $19m loss with NEGATIVE 28% margins. But, but, but - we have increased market share. Amazing marketing plan NOT. Give it away and play the blame game on Hurricane season. PH AINT gotta clue.

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Post ID:  @OP+17K8E4Jm

Rig Count 284

Down 17. How low she go? I say rig count bottoms out in June at 250-275. Slim pickings for sure. Q2 numbers will be ugly folks. Reactive vs proactive management takes too long to adjust to market. What happened to all the “we can differentiate... —  read more 

Data Privacy

For all former Newpark employees and job applicants. Newpark Resources complies with the General Data Privacy Rights legislation. You have a right to be forgotten and your personal data that they have collected be expunged from their systems unless... —  read more 

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Post ID:  @OP+14plCU6h

PR for Newpark

From a brokerage analyst who sums up what we have ALL said the past 5 years: Some stocks are best avoided. We don't wish catastrophic capital loss on anyone. Spare a thought for those who held Newpark Resources, Inc. (NYSE:NR) for five whole years... —  read more 

The 3 stages of Newpark

Stage 1: 2000-2014. The builders. Those who built the company Stage 2: 2014-2020. The PV Millenials. Those who rode it straight into the ground Stage 3: 2020- . The fools. Those who stayed and watched it sold for pennies on the dollar —  read more 

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Post ID:  @OP+143n1rjX

Reduction in Workforce

Look out for your neighbors disappearing. If Corona doesn’t get them, maybe the RIF will. Round one is top earners. Round Two performance problems. Round three Is reserved for those that crossed GP’s path. Keep your head down and your resume fresh.

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